With the euro-Australian dollar pair hitting a new low for the month, attention is turning to how much further it might fall

With the euro-Australian dollar pair hitting a new low for the month, attention is turning to how much further it might fall

20.04.2026

Last weekend, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 159.526 to 157.590. It plummeted sharply on the hourly chart, falling from the +2σ to the -3σ levels of the Bollinger Bands.On the 4-hour chart, the price broke significantly below the 200 EMA with a real body candle, and on the daily chart, it shifted from above the 20 MA to below it, plunging sharply to just below the 75 MA. Additionally, on the weekly chart, the price has broken below the 10 MA, which had been providing support at lower levels.

Among European currencies, the euro fell against the Australian dollar. The EUR/AUD pair dropped from 1.6461 to 1.6396. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the downtrend along the 10-period moving average continues, and on the daily chart, the pair has hit a new low for the month. The downtrend has retraced to the 50% level of last month’s rebound. On the weekly chart, the retest of the 200-period simple moving average (SMA) support line is nearing completion, and the price has broken below it with a real-body candle.

Today's economic indicators include New Zealand's trade balance at 7:45,the UK Rightmove House Price Index at 8:01, the German Producer Price Index (PPI) at 15:00, the Eurozone Construction Output at 18:00, and the Canadian Consumer Price Index (CPI) at 21:30.We’ll be watching for further downside potential in the EUR/AUD pair, which has hit a new low for the month.